TEXAS WINDSTORM [CATASTROPHE PROPERTY] INSURANCE ASSOCIATION
[1.] PROCEDURE FOR CALCULATING MEMBER ASSESSMENT
PERCENTAGES [POOL PARTICIPATION] INCLUDING
CREDIT FOR VOLUNTARY WRITINGS
[1]
STATEWIDE DIRECT
WRITTEN PREMIUMS
[PREMIUM] |
[2]
NET DIRECT WRITTEN
PREMIUMS [PREMIUM] |
[3]
COMPANY PERCENT
OF STATEWIDE
PREMIUMS WRITTEN |
[4]
TOTAL PREMIUMS
[PREMIUMS] IN
CATASTROPHE AREAS
[AREA] |
(a)(b)(c)
E.C. CMP HO |
Total of
Col. [1](a) & (b) x 90%
Col. [1](c) x 50%
[Col. [1](c) x 40% (50%)*] |
[2] ÷ Total of [2] |
(ASSOCIATION [TCPIA]
+ VOLUNTARY) |
[5]
NORMAL REQUIRED
QUOTA IN
DESIGNATED AREAS
[AREA] |
[6]
CREDIT FOR
COMPANY’S
VOLUNTARY
PREMIUMS |
[7]
DIFFERENCE
BETWEEN NORMAL
REQUIRED
PARTICIPATION AND
VOLUNTARY CREDIT
PREMIUMS |
[8]
ASSOCIATION
ASSESSMENT
PERCENTAGE
[ASSIGNMENT IN
ASSOCIATION] PRIOR
TO OFFSET |
([3] x [4]) |
(not to exceed column
[5]) |
([5] - [6]) |
[7] ÷ Total of [7] |
[9]
NET ASSOCIATION
ASSESSMENT
PERCENTAGE
[ASSIGNMENT AFTER
OFFSET FACTOR] |
[[10]]
[ASSIGNMENT AFTER
APPLICATION OF] |
[[11]]
[NET ASSIGNMENT IN
ASSOCIATION] |
|
(After application of
offset) |
[20% minimum or 190%
maximum of Column [3]
(170% maximum)**] |
[After application of offset
following minimum-
maximum limitations] |
|